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The Y Combinator Experience – Remote Edition

magicbell.io

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Re: The Y Combinator Experience – Remote Edition

#3

Post by unamashana »

devops000 wrote: post #2

Did you give your equity just for this? it doesn't sound a good deal on your side.

I probably didn't do a good job in listing down all the benefits. I skipped the biggest one - the YC network. It's an amazing network that's ready to adopt new products as well as invest in them.

YC also gives you a lot credibility. If you don't have a pedigree (previous exit, FAANG network), it's your buy-in in the big league.

Besides they invest 125k, which may not sound like a lot but is a good first cheque in that can get you pretty far on it's own.

Re: The Y Combinator Experience – Remote Edition

#7

Post by unamashana »

abhinav22 wrote: post #5

Nice write up on your experience in YC, thanks for that. How much do you think you get distracted by talking and listening with others in your YC network vs actually focusing on your product? As a lone wolf programmer, I avoid talking to people

They try to minimize the distractions (and they recommend you do too). Personally, I like being distracted a bit and mingling so it worked out just fine for me. Other than the group office hours, they don't insist you attend anything up until the demo day preparation starts.

Re: The Y Combinator Experience – Remote Edition

#8

Post by artembugara »

Remote batch brought 1 more real benefit of YC: $125k.

Before COVID when you have to relocate to Bay Area this is just a living fee for a low quality house + personal spendings.

Now, 125k is almost a lot for pretty much any place on the planet. Therefore, many remote entrepreneurs can be more relaxed on raising capital. I'd say you even can decide to "bootstrap" with this money + GCP/AWS credits.

Re: The Y Combinator Experience – Remote Edition

#9

Post by unamashana »

artembugara wrote: post #8

Remote batch brought 1 more real benefit of YC: $125k. Before COVID when you have to relocate to Bay Area this is just a living fee for a low quality house + personal spendings. Now, 125k is almost a lot for pretty much any place on the planet. Therefore, many remote entrepreneurs can be more relaxed on raising capital. I'd say you even can decide to "bootstrap" with this money + GCP/AWS credits.

That's right! I completely forgot about the AWS/GCP credits. Even in a realistic usage scenario, that's adding 25 - 50k to your funding over a couple of years. The legal fees waiver for upto 10k is another one.

Re: The Y Combinator Experience – Remote Edition

#10

Post by artembugara »

unamashana wrote: post #9
artembugara wrote: post #8

Remote batch brought 1 more real benefit of YC: $125k. Before COVID when you have to relocate to Bay Area this is just a living fee for a low quality house + personal spendings. Now, 125k is almost a lot for pretty much any place on the planet. Therefore, many remote entrepreneurs can be more relaxed on raising capital. I'd say you even can decide to "bootstrap" with this money + GCP/AWS credits.

That's right! I completely forgot about the AWS/GCP credits. Even in a realistic usage scenario, that's adding 25 - 50k to your funding over a couple of years. The legal fees waiver for upto 10k is another one.

Indeed, we got 100k from GCP recently, and it will change a lot for our bootstrapped company.

It basically makes us "ramen profitable"

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